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[donnaforex]

IMPORTANT

I have been informed that it is against Clickbank Terms & Conditions for me to share profits with you all. So as much as i would like to, i am not allowed - therefore as of today (18th June 2009) all cashback offers relating to clickbank products are suspended. Don't worry though, in my quest for the ever-elusive "good" EA, it is becoming clear that many of the good ones are hiding "in the closet" and are not current part of a large affiliate program. I am working on making some excellent cashback deals on these products for us for the future...!

As always, cashback will still apply to those products which are non-clickbank, including the popular Cyborg EA, Robominer, and Euroblaster. I sincerely apologise for any inconvenience, all current cashback claims will be honoured as per the terms and conditions - it is a shame that others out there don't share my same philosophy of wanting to share and give back to the forex community.

Donna Forex
18th June 2009

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I posted the above on my reviews page but i thought i'd better copy it here to be clear too. It seems that both Clickbank and some un-named greedy affiliates no doubt, are not happy with the caring and sharing, hehe.

Apparently i'm not even meant to offer incentives of ANY kind including support.   Figure that one out. I don't know how to comply with that part of it, but there is no way i can sell something without answering support emails about that product later- that would turn me into yet another lean mean marketing machine ;-). Not even considering going there!

Ah well, most clickbank products are scams/clones of other free EA's anyway   Please do keep supporting the site by purchasing through my links, it all helps towards keeping the cost of my members area which will be opening soon, as low as possible, etc.

[Ru]

WOW

I am with you Donna.

[donnaforex]

thanks 

I have some nice EA's in the pipeline i am betatesting / advising for other EA companies.. i'll tell them NOT to use clickbank to sell them-- the best ones don't need the hype anyway, and will spread under the power of their own success on live accounts. 

[civfan]

You can count on me too!

I think I can speak for all (even no one said I can... ) that you can count with all of us to support this (like buying from you, and so on), even without cashback!

That wasnt really a thing needed indeed, cause your support here is awesome and much more value than a cashback.

keep the good work and proceed with the innovative spirit, that are my votes.

[donnaforex]

Oh, i'm not allowed to do support anymore, hehe. What a joke. I swear, one day i'm going to create a "forex exposed" website featuring the huge number of scam artists in this business, and exposing their dirty tricks. I can understand their rule about no cashback, i missed that one and will admit defeat, but as for no support- hmm... in who's best interests is such a rule?

Such silly rules mean that sales thrive of course, someone who knows absolutely nothing about forex can hide behind those stupid emails they send out a few days before a product is launched which say "i made $12,000 last night, and so can you!" but it doesn't encourage people who are serious about providing real solutions and moving forwards to get where they want to go- which is why anyone would buy these producst in the first place right? We buy them to make money on our accounts, not line the pockets of marketers, hehe. Why their pockets need lining with affiliate sales when they can make so much money from trading is beyond me too.  Then again, most forex affiliate marketers are just like a double glazing salesman who doesn't even know what a window is. Same thing really. The internet is the only place i know which rewards such ignorance. Ah well.  Rant over - i'm outta here for the night - actually i'll probably delete all this in the morning when i wake up and read it   it's a rare moment to see donnaforex go off on a rant, so enjoy  

[ferran586]

You can count on me too!

I think I can speak for all (even no one said I can... ) that you can count with all of us to support this (like buying from you, and so on), even without cashback!

That wasnt really a thing needed indeed, cause your support here is awesome and much more value than a cashback.

keep the good work and proceed with the innovative spirit, that are my votes.

Agreed 100%.

Donna, I had no intention of ever using the cashback system you offer. No offense but if the EA is good and I keep it, then why should I take the money from you when I can easily make it back via the EA.  You have been such a help to everyone here (and I know you will to the people that are to come) and I think you deserve all the money from the affiliate programs. Just my 2 pips though.  .

Oh and feel free to vent. We all have to do it sometime. 

[civfan]

Oh, i'm not allowed to do support anymore, hehe.

Oh of course!, that was my bad english, wasnt that what I wanted to say...
I am just very aware of course that support and educate people to learn forex is a very bad thing to do!   shame on us!  

In other hand if you just sell us those fantastic EAS that just made everyone rich in one hour or two (the better ones can make it in minutes!), that yes, it is a very nice thing to do... and you and we will just make this world a better and fair world to live!  

Anyway even so, what I intend to say was "your nice opinions here is awesome and much more value than a cashback"

So lets just keep sharing opinions (yours is just one of them, even though will be the most reliable one) and so, no support, but free opinions...

take care.  

[jetstar]

Hi donna,
Yes, it is just pur freaking business - and do not forget all those (EA sellers and affiliates) who  need to sell as quickly as possible worry about your website - why? - because you (with all of us ) get to the thruth very fast - remember a couple of years ago a bad EA (scam) was discovered only a couple of months later because communication between traders where non existent - and by then "warranty" (clickbank) was over - as I said before - we are also getting smarter - and they do not like that - and do not worry in a year we maybe can not buy anymore from clickbank anymore anyway because we send back all the garbage and we will be banned from cklickbank hahaha - hurry up and get your membership going so we are asured you take care about your website - it goes in both ways - if you have a good EA and honest (support) you will make more business with donna`s site - and if you are the opposite you will make less business with donna`s site - I like 4xproject also but it is a single voice in testing (but very good tests and honest people) - but here you have several people testing a robot with different brokers etc. - which of course is also a problem because of settings - anyway I love it - happy trading - let`s hunt them down!!!!

[SandyW]

Hi Donna,

Completely in tune with you.  You may like to start your list of rip-offs with a system called ConceptFX, and an equities trading course called Traders University.  Both "promise" the earth with extremely slick advertising, charge truly exhorbitant amounts and of course have lots of small print to keep them in the clear.

[donnaforex]

Thanks for the support, everyone.

Yes, 4xproject are good people and the guy behind that website is a good friend of mine, he is an ace programmer and great at uncovering scams :-).

Members area here should be open at the weekend but i'm having technical problems with a chat script i bought, awaiting their tech support to fix it, so hopefully they will do so on time.

There are a few "good" sites who are generally on our side (although some have a darker underside when you go digging).

babypips.com
forexpeacearmy.com
4xproject.com

fx500club.com -i dont normally talk about these kind of services at all since this is normally the prime area where traders get sucked into scams. These guys have a manual trading room which is open every day where you can follow their trades LIVE- they are the real thing and don't charge the whole earth for this, i think its around $100 to $200 a month, which although sounds like a lot, you get trading room access every day- not really for total newbies though, you will need at least some forex experience before joining, some other mentoring sites don't do this, also time to commit to learning their system and joining the room each day.


I agree about traders university. I am not sure how these guys operate even what they do seems to cross the boundaries of what is allowing here in the UK under the FSA without being registered. I guess they use clever wording to get away with it. ConceptFX also i have heard bad things about.

I think we can safetly say ANY forex training scheme of any kind which charges $3,000 or more (or even less than that in some cases too) is most definitely a scam- particularly if they are targeting new traders- what new trader needs to spend $5,000 to learn what a pip is and how to read a chart? This kind of training is elementary and should in my opinion cost around $300 maximum for a course, or up to $600 for mentoring (at least 3 hours solid tuition). OK- if you are learning something very specialist and indepth, these things can cost a fair bit more, but not for beginner traders and basic knowledge.

More ranting over... this is the "have a rant about the state of the forex world" topic  I feel much better now 

[Rowan]

You can count on me too!

I think I can speak for all (even no one said I can... ) that you can count with all of us to support this (like buying from you, and so on), even without cashback!

That wasnt really a thing needed indeed, cause your support here is awesome and much more value than a cashback.

keep the good work and proceed with the innovative spirit, that are my votes.

Agreed 100%.

Donna, I had no intention of ever using the cashback system you offer. No offense but if the EA is good and I keep it, then why should I take the money from you when I can easily make it back via the EA.  You have been such a help to everyone here (and I know you will to the people that are to come) and I think you deserve all the money from the affiliate programs. Just my 2 pips though.  .

Oh and feel free to vent. We all have to do it sometime. 

Well said guys I total agree

Rowan

[tlbone]

My 2 pips....well now if the sellers dont like the idea of someone helping with the support of their product by educating the users then i would assume that there must be something wrong with their product and they were afraid you might expose it and cause them to lose product sales....sounds like a sour pill to swallow

[jetstar]

Hi Donna,
There is another subject who I think need to be talked about concerning "Mr. clickbank" - I heard it will get harder to purchase via Mr. clickbank if you constantly ask for refund - WHAT? - someone really needs to talk to them - they should stop selling for certain people where they see a constant request for refund and not the opposite - it looks like you will be panished if you do not keep a BS ea - give me a break - where it is going? - and donna if you want to get serious about this ea business change the way it is going -

This is how I will purchase a Ea in the future:
1. Live results only - at least 1 month - live Mt4 stats - not copied to your website - one modification and you are called a scam - period - we are not stupid and can take a loss - this is just business - honesty -
2. NO affiliate program - I mean the hyped one -
3. Monthly membership fee (lower than the current average price of a ea) - you want to sell me a livetime ea for $100-$200 - how you want to provide support if you are not selling enough copies anymore - and if you sell 1.000`s every year you can not provide support again - here comes the membership in again so you are not over selling - hard to find the middle I know -

Ok - that means I will not purchase a Ea anymore in the future - when we buy a ea we are suppose to trade slowly into profit - why can we not demand the same from the developer? - monthly membership fee and you will get rich slowly if your product is good - and one day you as developer sit on the beach and every month you just check your bank account -

Donna let`s change the direction this ea thing is going - I am an old manual trader (10 years) and I like the Ea stuff but not the direction - happy trading - above statement is my future direction and I just want new traders go through the pain I had to go -

Donna hook up with serious ea developers and hang yourself on the back of ea membership fees after testing in your backyard - we can not avoid the mass marketing of scams but we have to start somewhere - yes I make money with ea`s but I paid a big amount of learning fees!!! - oh I am going to the Island for a couple of days and there is no internet - which means you do not have to listen to me for a couple of days 

[donnaforex]

I am working on developing EA's, and have been for a number of months. However, i won't release anything unless i KNOW it is good. That would necessarily include at least one months' proof of live forward testing, including giving people 'investor password' access to my MT4 to look at it directly themselves.  It would also be based on a reasonable fee ($40 or so?) monthly membership purely for providing quality support and wouldn't be likely to involve affiliate sales, or if it did it would be on a private partnership basis, not a "free for all".

I agree with many of your points about EA buying. However following your rules it is going to be impossible to buy ANY EA's, hehe. It does require an enormous effort on the part of ALL EA buyers to stand up and say "we are not doing this anymore" but then... when the emails hit your inbox promising you riches beyond your wildest dreams, it's easy to fall for, and if they don't get us as customers then they can find people elsewhere who will buy. What i can say though is that here at donnaforex we do represent quite a huge number of active EA buyers out there in the forex community- so we do have a power of sorts. Perhaps we should create a campaign against dodgy EA's.  

Regarding clickbanks refund policy i'm not sure they stick to that at all. I have purchased and refunded at least 10 EA's over the last month alone and they are showing no signs of stopping me from buying. Of course i always leave a reason when i refund- especially if the EA i am asking for a refund on has been proven to be a scam (most of them).

I believe that vendors who sell through clickbank must maintain a 20% refund rate. I am not sure what happens if they go above that, high fees, expelled from the system, i don't know- but this is one policy i do like if they enforce it, since it encourages EA vendors to sort out problems and 'get more honest'. Somehow they seem to get away with it though! I have an EA which a lot of people bought from me lately, running a refund rate from my sales alone of at least 40%- will be interesting to see what happens.

[jetstar]

Hi Donna,
Yes, I fully agree with you - and we are maybe a small community - but we have to start some where - and I think our community can get big here if we continue good and honest work - I like the people here because even if they get burned they complain very polite - but if we discover a scam we have to work full force to prevent future damage to us and very important to newcomers - happy trading - and donna don`t be afraid to make money - with your service -